If you’re thinking about investing in a Chevy Chase, MD home, the first thing you will want to do is get up-to-speed on current market conditions.
By having the most recent data on the current state of the housing market, you’ll become a savvier home buyer, which will ultimately save you time and money.
Continue reading to get the most up-to-date information about real estate activity in Chevy Chase, Maryland.
Invest in a Chevy Chase Property for Sale Today
Here’s an overview of the Chevy Chase real estate market, based on the most recent data available:
- Currently there are 33 sales pending on the market and 171 listings that are still for sale.
- Homes priced between $400,000 and $600,000 have the largest number of pending contracts right now.
- Homes priced under $200,000 have the largest number of properties that are still for sale with 27 listings.
- The average list price for all properties on the Chevy Chase real estate market is currently $1,072,365.
- Within the last six months, 150 contracts have closed, with an average sold price of $852,534.
- Homes priced between $200,000 and $400,000 have seen the most closings within the last six months.
- Also during the last six months, 19 homes have failed to sell and the seller has taken the property off of the market.
- Homes priced under $200,000 saw the largest number of these failed listings with 4 properties.
- Currently, active listings have been on the market an average of 96 days.
- During the last six months, sold properties were on the market an average of 61 days, with an average sold price of $852,534.
- Those Chevy Chase homes priced between $2 million and $2.2 million have sold the fastest in the last six months.
- In the last 30 days, sold properties were on the market an average of 70 days, with an average sold price of about $1,025,204.
The recent market data suggests negative demand, meaning that there are more properties for sale on the Chevy Chase real estate market than there are buyers who want to purchase them.
In other words, the Chevy Chase real estate market is still very much a buyer’s market.
Relocating to Chevy Chase, MD
Current market conditions are ideal for home buyers like you. After all, since supply is currently exceeding demand for Chevy Chase homes, it means that sellers are likely going to be more willing to lower their list price in order to sell their home.
This translates into a great deal on a Chevy Chase home for you!
For help on how to effectively navigate the market as a home buyer, please contact me, Melinda Estridge, your Chevy Chase real estate expert!
And while you’re browsing my Chevy Chase website, be sure to check out some of the free resources I offer online, such as:
Until next time,
Melinda
May Real Estate Market Report for Chevy Chase, MD
If you’re thinking about investing in a Chevy Chase, MD home, the first thing you will want to do is get up-to-speed on current market conditions.
By having the most recent data on the current state of the housing market, you’ll become a savvier home buyer, which will ultimately save you time and money.
Continue reading to get the most up-to-date information about real estate activity in Chevy Chase, Maryland.
Invest in a Chevy Chase Property for Sale Today
Here’s an overview of the Chevy Chase real estate market, based on the most recent data available:
Currently there are 33 sales pending on the market and 171 listings that are still for sale.
Homes priced between $400,000 and $600,000 have the largest number of pending contracts right now.
Homes priced under $200,000 have the largest number of properties that are still for sale with 27 listings.
The average list price for all properties on the Chevy Chase real estate market is currently $1,072,365.
Within the last six months, 150 contracts have closed, with an average sold price of $852,534.
Homes priced between $200,000 and $400,000 have seen the most closings within the last six months.
Also during the last six months, 19 homes have failed to sell and the seller has taken the property off of the market.
Homes priced under $200,000 saw the largest number of these failed listings with 4 properties.
Currently, active listings have been on the market an average of 96 days.
During the last six months, sold properties were on the market an average of 61 days, with an average sold price of $852,534.
Those Chevy Chase homes priced between $2 million and $2.2 million have sold the fastest in the last six months.
In the last 30 days, sold properties were on the market an average of 70 days, with an average sold price of about $1,025,204.
The recent market data suggests negative demand, meaning that there are more properties for sale on the Chevy Chase real estate market than there are buyers who want to purchase them.
In other words, the Chevy Chase real estate market is still very much a buyer’s market.
Relocating to Chevy Chase, MD
Current market conditions are ideal for home buyers like you. After all, since supply is currently exceeding demand for Chevy Chase homes, it means that sellers are likely going to be more willing to lower their list price in order to sell their home.
This translates into a great deal on a Chevy Chase home for you!
For help on how to effectively navigate the market as a home buyer, please contact me, Melinda Estridge, your Chevy Chase real estate expert!
And while you’re browsing my Chevy Chase website, be sure to check out some of the free resources I offer online, such as:
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Until next time,
Melinda
